Its really hard to get reliable information as a general punter.. Something else that reminds me of the run up to the Li squeeze is the performance of Gangfeng. In the last month their share price is up 7% and for the past 6 months up a whopping 45%. Compare this with say PLS at -16% for the month and - 22% for the 6 month. Another comparison in MIN is down 39% for the month.
Things change on a dime in this industry and NAL has to change absolutely nothing in their operations to see a huge turnaround if and when the price increases. Another poster mentioned NAL was too high cost and undesirable, How can that be when costs are so close to DFS levels and any upside in Li price is going to result in immediate profits. This in in contrast to say PMT and Winsome who wont benefit from a price upswing until maybe the next cycle, or until pricing reaches a more stable place.
SYA Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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